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theguardian.com
UK food and drink exports fall as US tariffs and Brexit trade friction bites – business live
Rolling coverage of the latest economic and financial newsAsia-Pacific markets fell heavily today, as news of price rises from Apple hit the tech sector.South Korea’s KOSPI index fell 6% and Japan’s Nikkei lost 4.15%, as technology shares continued to drop. Continue reading...
bbc.co.uk
Asia stock markets slide as tech shares slump
Trading on South Korea's Kospi index was halted for the third time this week to prevent panic selling.
cnbc.com
Binance to stop providing services to European clients after failing to obtain license: Financial Times
All crypto companies have to obtain a license under the bloc's Markets in Crypto-Assets Regulation by July 1, or risk penalties.
theguardian.com
How much? The hidden costs of restaurant dishes
Two chefs lift the lid on the expensive business of creating menus they loveYou pay: £21 Restaurant profit: £1.65 Continue reading...
theguardian.com
‘Slough is like an experiment’: Europe’s largest datacentre hub leaves town sweltering
Emerging research suggests datacentres create a heat island effect, pushing up temperatures in the immediate vicinity by as much as 9C The community living next to the largest datacentre park in Europe say the scorching summer heat has grown unbearable.On days like Wednesday, said Nabeel Nawaz, the store manager of a Chaiiwala franchise in the centre of Slough, the heat is like something “pinching your body and burning your skin”. Continue reading...
cnbc.com
U.S.-Iran peace deal grants access to Tehran's nuclear sites, UN watchdog says
"The technical work has started, and we hope to be there soon," IAEA chief Rafael Grossi said at a news conference in Japan on Friday.
cnbc.com
CNBC Daily Open: One session, two major sell-offs
Friday's session looks set to be dominated by two major sell-offs — the tech rout deepening and oil prices diving further into the red.
theguardian.com
Homes for sale near lidos, lakes and ponds in England and Scotland – in pictures
From a London tower near reservoirs to a Plymouth townhouse close to a historic saltwater lido Continue reading...
theguardian.com
Do new Isa rules mean I have to pay tax?
Changes due to take effect next year for stocks and shares Isas have become become clearer, prompting concernThe way you can invest in Isas will change next April, and for under-65s that will means a reduced limit on the amount of money that can be saved tax-free in a cash Isa.This week the new rules became clearer, sparking concern among investors that they may have to pay tax on some of their holdings. Continue reading...
cnbc.com
NBA targets Asian resurgence with technology and talent push
Southeast Asia has emerged as one of the NBA's fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion.
bbc.co.uk
Charity celebrates 50 years of 'transformative' holidays
Sheffield Family Holiday Fund provide much-needed holidays for families facing adversity.
cnbc.com
Oil slides 2% as markets look past fresh Iran tensions and focus on supply outlook
Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while digesting a flurry of news from the region.
theguardian.com
Porsche magnate puts historic Salzburg villa up for sale after row over private ‘tunnel for one’
Plans by Wolfgang Porsche to bore private 500-metre road link through Austrian hill caused anger among localsWolfgang Porsche, the Austrian-German automotive magnate, appears to have abandoned plans to build a private 500-metre tunnel for his cars through the Salzburg hills after a public uproar over the “tunnel for one”.In 2020, Porsche bought a storied 17th-century villa on the outskirts of Salzburg for €8.4m (£7.2m), and last autumn he secured permission from the city authorities for an estimated €10m private access road through the rugged limestone hill. Continue reading...
theguardian.com
Fossil fuel price surges can lead to worse air quality, study finds
Researchers find increases in toxic chemical in the air in some areas as people switch to cheaper wood burningNew research shows that the unreliability of fossil fuel supply chains and consequential price surges can lead to deterioration in air quality as people change their consumption behaviour.The conflict in Ukraine has had well-documented impacts on the immediate environment. Fires from destroyed buildings and industry, movement of military vehicles and extensive wildfires have added to air pollution. The war also disrupted energy supplies and increased fossil gas prices in Europe, spreading the impacts far beyond the conflict zone. Continue reading...
theguardian.com
Too hot for work: why extreme heat is a threat to Europe’s productivity
High temperatures make some workplaces dangerous, with economists warning disruption will dent growthMonique Mosley is used to sweltering conditions at the food factory in Yorkshire where she works, but June’s record-breaking heatwave has made conditions unbearable. “We make hot filled food products and it’s common that we see temperatures in the high 30s,” she said. “Thanks to our union, our employer is offering extra breaks, but not every workplace is the same.”The latest heatwave to grip the UK and much of western Europe has presented significant challenges to employers and their employees, from sweltering offices, disrupted commutes and school closures to dangerous construction sites where workers are at risk of dehydration, heatstroke and other injury. Continue reading...
cnbc.com
Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents
Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.
theguardian.com
UN agency pauses ship evacuations through strait of Hormuz after vessel struck
International Maritime Organization says safety guarantees must be confirmed before ships can move againA United Nations agency has paused the evacuation of ships through the strait of Hormuz after the British military said a vessel was hit by a projectile off the coast of Oman following the passage of several tankers that used a route backed by the UN.The head of the UN’s International Maritime Organization said on Thursday that the plan to move stranded ships out of the Persian Gulf through the strait would be on hold until the agency could confirm safety guarantees for the ships on the evacuation list and in the region. Continue reading...
theguardian.com
Brexit: An Oral History – podcast
This week marked 10 years since the UK chose to leave the EU. In a series of interviews with key players from both sides, Kiran Stacey looks back on the Brexit vote that changed the country foreverRead the Guardian’s full article on Brexit here Continue reading...
theguardian.com
‘Kind of miracle solution’: How Paris is harnessing the Seine to replace air-con
City plans to triple system of underground pipes that distribute chilled river water, reducing need for individual cooling unitsAs heatwaves intensify across Europe, most cities are reaching for a familiar fix of more air conditioning. But in 1990s Paris, planning began for a different kind of solution: one of the world’s largest district cooling networks.The system has 120kms (75-miles) of underground pipes distributing chilled water to museums, offices, hospitals, schools and other public buildings including the Louvre, the Grand Palais, and some luxury hotels and office districts. Instead of thousands of individual air-conditioning units, cooling is produced centrally and shared across the city like a utility. Continue reading...
cnbc.com
UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal
The pause follows a container ship being struck near the coast of Oman on Thursday, with a U.S. official saying that Iran was responsible for the attack.
theguardian.com
Xi Jinping has hosted more than a dozen leaders this year, as ‘middle powers’ look beyond the US
China’s leader wants to promote his alternative to the current world order, and his efforts are being assisted by a capricious US Xi Jinping meets Bangladesh’s new prime minister on Friday, the latest in a wave of world leaders to visit Beijing this year as the Chinese leader builds his influence and economic ties, and seeks to “shift the balance of power” away from the west.Xi’s meeting with Tarique Rahman comes less than two weeks after the Chinese leader welcomed Myanmar’s military chief-turned-president, Min Aung Hlaing, in Beijing. Continue reading...
theguardian.com
California’s proposed billionaire tax: what you need to know
Plan to levy 5% tax on California billionaires championed by progressives – but state’s super rich are forcefully opposedFull story: California billionaire tax heads to ballotThe proposed billionaire tax in California is officially heading to voters’ ballots in November. After getting more than double the necessary signatures to qualify, the secretary of state certified the ballot measure late on Thursday.The confirmation came after backroom dealing didn’t pan out between California’s governor, Gavin Newsom, who opposes the proposal, and the labor union backing it. Continue reading...
theguardian.com
California billionaire tax will appear on ballot after deadline for deal passes
Proposal to introduce one-time tax of 5% will go to voters in November after backers decline to withdraw measureCalifornia’s billionaire tax, explained: what you need to knowCalifornia voters will get to decide in November whether billionaires should pay a one-time 5% tax, after a deadline passed on Thursday for its backers to withdraw the measure.“Enthusiasm for the billionaire tax is unlike anything we have seen before,” Debru Carthan, vice-president of the union sponsoring the measure, said during a Thursday-evening press conference. “The billionaire tax will be on the November ballot and we intend to win.” Continue reading...
theguardian.com
Apple raises iPad and MacBook prices, blaming cost of chips amid AI boom
Company says it cannot shield customers from memory and storage chip costs – and iPhone hikes could be nextApple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s data center buildout.The move does not affect Apple’s cash cow, the iPhone. But it would take the starting price of the Neo, its lowest-priced laptop, from $599 to $699 mere months after launch. Continue reading...
bbc.co.uk
Power banks and vapes now biggest fire risk on planes
Lithium battery fires are the number one safety risk to aircraft, yet the number of devices found in hold bags has nearly doubled in a year.
bbc.co.uk
Teens who hacked TfL were known to police years before cyber-attack
Owen Flowers and Thalha Jubair were convicted for their roles in the attack, which led to large costs for Transport for London.
bbc.co.uk
The abundant but expensive energy source that's under your feet
Start-ups are taking fresh approaches to geothermal energy, but will the economics work?
bbc.co.uk
Yes, there have been rows but here's how I've made moving back home work
Rising costs are forcing more young adults to live with their parents, here's how not to come to blows.
cnbc.com
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
theguardian.com
Crown estate makes more than £1bn profit for third year running
King Charles’s property management firm rakes in £1.2bn as it continues to benefit from offshore windfarm boomKing Charles’s tax bill: what did we learn and what is still in the dark?King and Queen will not live at Buckingham Palace after £369m refitKing Charles’s property management company has made more than £1bn for the third consecutive year thanks to the boom in offshore windfarms paid for through energy bills.The crown estate, the royals’ portfolio of land and property, reported £1.2bn in profit for the last financial year, almost three times the amount it made three years ago. Two-thirds came from the offshore wind industry. Continue reading...
theguardian.com
King Charles’s tax bill: what did we learn, and what is still in the dark?
We know the monarch paid £24.6m in tax over the last two years, but we still don’t know how wealthy he actually isCrown estate makes more than £1bn profit for third year runningKing and Queen will not live at Buckingham Palace after £369m refitKing Charles has become Britain’s first monarch in modern times to reveal how much tax he pays on his private income: £24.6m over the last two years.It’s a move celebrated by some as heralding an era of greater transparency from the monarchy. But just how open has it been? Continue reading...
cnbc.com
Apple posts worst day in over a year after MacBook and iPad price hikes
Tim Cook said last week that Apple would hike prices due to surging memory and storage costs.
bbc.co.uk
Apple hikes some prices by nearly 20% while Xbox raises console cost
Apple said it had "never seen a component price increase this much, this quickly".
cnbc.com
Oil reverses losses, rises after an Iran attack on cargo vessel
Oil prices turned around and rose Thursday, hitting their session highs in late-day trading after Iran attacked a vessel on the Strait of Hormuz.
cnbc.com
Supreme Court limits Roundup cancer suits against Bayer's Monsanto
Glyphosate, used in Roundup weedkiller, is the most commonly utilized herbicide in agriculture, and it has long been linked to cancer claims.
theguardian.com
Robert Jenrick says questions about £5m donation to Farage are legitimate
Reform MP appears to contradict party leader’s claim money from crypto billionaire is ‘none of your business’Robert Jenrick has said it is “legitimate” for the media to ask questions about Nigel Farage’s £5m personal donation from a cryptocurrency billionaire, just days after the Reform UK leader told an interviewer it was “none of your business”.Jenrick, who is Reform’s shadow chancellor, said voters on the doorstep were not asking about the money given to Farage by the Thailand-based British crypto investor Christopher Harborne. Continue reading...
theguardian.com
Whistleblower Sarah Wynn-Williams sues Meta over attempts to ‘silence’ her
Former employee files complaint accusing company of ‘coercive surveillance’ and first amendment violationThe Meta whistleblower Sarah Wynn-Williams is suing the tech company over its efforts to “silence” her.A 57-page complaint filed to a US district court in California on Thursday argues that an interim arbitration ruling sought by Meta preventing Wynn-Williams from publicising her memoir, Careless People, was “improper and unlawful” and a “blatant violation of the first amendment”. It also accuses the company of “coercive surveillance”. Continue reading...
theguardian.com
‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets if he becomes PM
Burnham is coming under pressure from some to ditch net zero targets but this could be highly damaging on many levelsUK politics live – latest updatesBritain’s net zero economy is booming. The sector is worth £100bn a year to the UK, has outpaced other sectors, and supports higher-paying jobs than the average.For a union leader to suggest that the man who has overseen this impressive record – the energy secretary, Ed Miliband – would be a “noose around the neck” of job creation, as Unite’s Sharon Graham has done, might seem extraordinary. Continue reading...
theguardian.com
City of Paris achieves partial victory over TotalEnergies in climate risks case
French capital hails ‘landmark decision’ against oil firm relating to disclosure of emissions from oil and gas productsA Paris court has ruled that the French oil company TotalEnergies must disclose the climate risks linked to emissions from its oil and gas products and set out plans to address them in a high-stakes case brought by NGOs and the city of Paris.The ruling on Thursday is a partial victory for climate change NGOs seeking to apply France’s 2017 corporate duty of vigilance law to the climate crisis. However, the court stopped short of ordering specific measures such as limiting overseas exploration and production or setting binding emissions reduction targets. Continue reading...
theguardian.com
Key Fed inflation gauge rises to three-year high in May after gas prices peaked
Consumer prices rose 4.1% in May from a year earlier – a sign rising costs could pose problem for Trump in midtermsThe Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for Donald Trump and his political party as midterm elections near.Consumer prices rose 4.1% in May from a year earlier, the US commerce department said Thursday, the largest annual increase since April 2023. On a monthly basis, inflation was 0.4% last month, matching April’s increase and down from 0.7% in March. Continue reading...
bbc.co.uk
Reeves urges Burnham to 'stick to what I'm doing' on economy
The chancellor throws her support behind the MP for Makerfield despite reports he could demote her if he becomes PM.
theguardian.com
Unison chief endorses Ed Miliband for chancellor in a Burnham government
Exclusive: Head of trade union backs energy secretary to replace Rachel Reeves, but two other big unions are opposedUK politics live – latest updatesThe boss of Britain’s biggest trade union has endorsed Ed Miliband for chancellor, as the race to take over the Treasury under a potential Andy Burnham government intensifies.Andrea Egan, the general secretary of Unison, has backed the energy secretary, who is one of two frontrunners to replace Rachel Reeves in No 11, but who is being opposed by two other large unions – GMB and Unite. Continue reading...
bbc.co.uk
Oil price falls back to pre-Iran war levels
Signs that traffic through the key Strait of Hormuz shipping route is gradually resuming has helped to push the oil price down.
bbc.co.uk
Rethink
Could the US dollar lose its number one status?
theguardian.com
Can a $290m film studio on a former cow paddock lure Hollywood to Perth?
Australia is drawing record levels of international screen production – and Western Australia is betting millions that Perth Film Studios can bring some of it westTom Avison is just back from Los Angeles when I meet him at Perth Film Studios on a warm May morning. The studio’s inaugural chief executive was on a whirlwind sales trip, squeezing “about 16 or 17 meetings” into four days with the likes of Netflix, Universal, Warner Bros and Disney. “Basically any production company that you can think of,” he says. “They want to know what’s going on.”Back at the major new facility in Whiteman, on Perth’s semi-rural north-eastern fringe, the British screen executive is in tour guide mode: affable, brisk, fluent in the strange mix of logistics and optimism required to launch a studio from scratch. Before Perth, Avison helped open Sky Studios Elstree outside London, a major production base that launched with Wicked and later hosted Jurassic World and Bridget Jones. But the Perth role – which he discovered, almost improbably, via LinkedIn – “hooked” him because it offered the chance to shape not just a facility, but an industry still defining itself. Continue reading...
cnbc.com
Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill hundreds
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.
cnbc.com
Iran's neighbor, U.S. ally: What Pakistan gains from being a peacemaker
Pakistan's efforts to bring an end to the conflict in the Middle East are driven by the need to avoid a spillover across its borders.
theguardian.com
Andy Burnham: who’s really got his ear? – podcast
As Andy Burnham looks set to go unchallenged in his leadership bid, Labour MPs are now jostling for a position in his cabinet. Who will have his ear, and what does that tell us about his leadership? Continue reading...
cnbc.com
Iran warns ships it's 'unacceptable and dangerous' to transit the Strait of Hormuz without their approval
The stern warning underscores Tehran's resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
theguardian.com
Make pension tax relief only available to savers prepared to invest in UK, Andy Haldane says
British Chambers of Commerce chief calls for ‘home bias’ on retirement savings to close funding gap for SMEsPension tax relief worth more than £50bn should only be offered to savers who are prepared to invest in Britain, according to Andy Haldane, the president of the British Chambers of Commerce.There should be a “home bias” that directs retirement savings into UK businesses, closing a funding gap that hampers the growth of small- and medium-sized businesses, he said. Continue reading...
cnbc.com
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
cnbc.com
Europe’s defense stocks are sliding again. Here’s what’s worrying investors
Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.
cnbc.com
Bitcoin is having a tough year. Traders are betting it's going to get worse
Options traders are treating this break like it could be the tip of an iceberg.
cnbc.com
The world’s top-performing stock market still isn’t a developed market. Here’s why, according to the MSCI chief
MSCI CEO Henry Fernandez said South Korea's stock market still falls short of developed market standards.
theguardian.com
Ryanair adopts ‘free of charge’ family seating policy after watchdog investigation
Chief executive claims CMA has forced airline to adopt ‘less transparent and less consumer-friendly’ approachRyanair has changed its family seating policy, after Britain’s competition watchdog launched an investigation into the airline’s charges for parents to sit with their children.Europe’s largest airline said that as of Thursday, adults would be offered “free of charge” seats next to their children after they have checked in for their flight – but at the rear of the plane. All children on the booking will be allocated seats alongside them for no fee. Continue reading...
cnbc.com
Chevron says no quick fix for gas prices as Trump takes on Big Oil: ‘It’s going to take time’
Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of "gouging" consumers.
bbc.co.uk
Ryanair says it will reluctantly not charge parents to sit next to children
The airline had typically charged adults a fee of £8 each way to sit with their young children.
cnbc.com
Iraq piles pressure on OPEC over quota dispute after UAE exit
Reuters reported that though Iraq had considered leaving OPEC, the current plan is to remain a member of the group while seeking a higher output quota.
bbc.co.uk
Ferrari marketing boss quits just weeks after EV launch backlash
The design of the luxury carmaker's first all-electric vehicle, the Luce, was heavily criticised.
theguardian.com
Why we're paying more for locally grown food than imports – video
British apples grown at home are often more expensive than apples shipped from countries thousands of miles away. And it's not just apples. Bananas, which are virtually all imported from tropical countries, are consistently the cheapest fruit available per kilogram on UK supermarket shelves. Josh Toussaint-Strauss investigates the peculiar economics of supermarket fruit, and discovers there are many aspects of our food supply system that don’t appear to make much sense Continue reading...
cnbc.com
Air con and building efficiency stocks rally as Europe bakes in extreme heat
The latest heat wave has underscored the need for efficient technologies and adequate power supply to keep Europe cool.
bbc.co.uk
How you can save money on your energy bill as debts rise
Experts say support is available as total debt and arrears to suppliers hit a new record.
bbc.co.uk
EasyJet rejects fourth takeover offer
The airline is questioning the "deliverability" of the offer.
bbc.co.uk
Food kit warehouse closure puts 290 jobs at risk
Food company Gousto says it is closing its warehouse in Spalding, Lincolnshire.
theguardian.com
Tell us: are you trying to buy or sell a flat in the UK?
We’d like to hear from people in the UK about their experiences of trying to buy or sell a flat in recent months. Have there been any issues?Getting on the property ladder is an achievement in Britain but for some flat-owners the home-ownership dream has turned sour.High service charges, fire safety issues, and onerous leasehold conditions are among the issues that have affected flat valuations over the past decade. There are reports of owners, particularly in London, currently selling at a loss. Continue reading...
bbc.co.uk
IBM hails new 'block of flats' design breakthrough for ultra tiny chips
IBM says it has created the world's first known chip tech below 1 nanometre - but it will be some time before it's ready for production.
cnbc.com
Gold hovers around $4,000, silver holds below $60 — has the shimmer worn off the precious metal rally?
Gold is down almost 8% so far this year, while silver has shed more than 20%.
theguardian.com
The great tinification: how Britain fell in love with canned cocktails
Forty years since Marks & Spencer started selling cans of gin and tonic, every supermarket and corner shop is full of ready-mixed mojitos, margaritas and negronis. Why are these so acceptable, given the moral panic over alcopops?It was a sultry evening in early June, and I was heading to a party on the other side of London. The journey by tube takes an hour, so my boyfriend and I brought along some warm cans of margarita to pass the time. As the sweet reek of lime had begun to drift across the carriage, I spotted two women sipping cosmopolitans – Carrie Bradshaw’s drink of choice and for years the only cocktail I could have named – out of similar tins. Before long, we were all feeling lightly smashed.Drinking on Transport for London services was banned in 2008 (the year of the great recession, just when we needed it most), but these days it seems the rule survives more as a suggestion. And conveniently, our cans were small enough to disappear into our pockets if necessary. As the writer and founder of @londondeadpubs Jimmy McIntosh puts it: “It might seem a bit uncouth to crack out a four pack of lager when travelling somewhere on public transport. But a canned cocktail feels more discreet and civilised somehow.” Continue reading...
cnbc.com
Amazon adds new funding, lifting India AI and cloud investment to $48 billion
Amazon announces fresh investment of $13 billion to expand AI and cloud infrastructure in India, taking its total investment to $48 billion.
theguardian.com
Has Cornwall’s housing crisis created a van life generation?
Cornwall's housing crisis is forcing young people to live in vans. As second homes and short-term holiday lets drive up house prices, a growing number are turning to van life to stay in the place they love. The Guardian meets young people who say their van brings them freedom but also uncertainty, as they struggle to find water, safe places to park and secure a future’It can flip quickly from being idyllic’: the reality of life in Cornwall for young van dwellers priced out of the housing market Some details in this film have been changed for safety reasons Continue reading...
bbc.co.uk
Find out which university degrees could earn you most across your lifetime
New data suggests which university degrees have the highest and lowest financial returns over a lifetime.
bbc.co.uk
Price cuts on family summer days out come into force
The government is reducing VAT from 20% to 5% on attractions and kids' meals as schools begin to break-up.
cnbc.com
Second worker dies at BYD's Hungary factory already under scrutiny for labor practices
A second worker died at the construction site of BYD's electric vehicle factory in Hungary, CNBC has learned.
bbc.co.uk
GTA 6 - all you need to know about Rockstar's blockbuster game
Rockstar's sixth game in the franchise is set to be the biggest game release of the year.
bbc.co.uk
I've spent 30 years in recruitment - this is how to get a job
The recruitment agency boss shares his tips on getting noticed in a tougher jobs market.
cnbc.com
One of India's largest gold exporters paid its managing director just $180 a month, investigators say in accounting probe
Indian authorities have found accounting discrepancies in books of Indian gold company Rajesh Exports, and owner of Swiss refiner Valcambi.
cnbc.com
Despite Trump trade rhetoric, Asian investors keep betting on U.S.: Former House Majority Leader Eric Cantor
Cantor said that investment flows still have "so much" allocation to the U.S., because investors recognise that the country was still one with a "rule of law."
bbc.co.uk
The heatwave workers 'like cats on a hot tin roof'
Many workers are downing tools early, but there is no legal limit to how hot a workplace can be.
bbc.co.uk
Attraction tax cut welcomed by businesses
VAT will be cut on children's meals and tickets to some attractions across Surrey and the UK.
theguardian.com
’It can flip quickly from being idyllic’: the reality of life for young van dwellers priced out of Cornwall’s housing market
With tourists buying up property and landlords opting for lucrative Airbnb rentals, young Cornish people are turning to old campervans to provide a roof over their headsSkye has a thick duvet in the van she calls home in Cornwall. In winter, the 25-year-old goes to bed in several layers of clothes and is grateful for the extra warmth of her cat. She parks up late, often in car parks well away from beaches, and never stays more than one night in case local people get angry and bang on her windows. This is van life. It can be a very different world from the tourist dream.“Some winters I’ve had ice on the inside of my van windows, and the door handles frozen shut with me inside,” says Skye, a special educational needs teaching assistant. One year her diesel air heater packed up, and she spent the whole winter feeling cold. “That was genuinely awful.” Even with the heater on in the evening, those nights and early mornings when the temperature drops below zero are tough. “I often get dressed in bed,” she says. “You just have to adjust.”Skye, 25 arriving back at her van after a day of walking Continue reading...
theguardian.com
It’s not the bond markets Andy Burnham should be afraid of. It’s his own MPs | Aditya Chakrabortty
To stay popular with the public – and his backbenchers – he’ll need to make big changes fast. That means changing the way the government borrowsA Labour leader arrives, shirt and smile ironed into place, in his hands a big idea. He has polished one slogan, prepped three anecdotes, memorised eight bullet points. He wants more cash for vital services, or workers to have a stake in their employers, or to take some utility into public control. Not so big an idea, really, but, right on cue, the attacks come from almost every side – breathless lobby reporters, sententious columnists, zombie Blairites. And they all agree on one fatal thing: the bond markets will never wear it.The death sentence having been pronounced, all that remains for the politician’s proposal is a pauper’s funeral.Aditya Chakrabortty is a Guardian columnist Continue reading...
cnbc.com
Anthropic's latest hiring spree reveals where it's building AI data centers next
The AI lab is hiring for AI data center roles in Australia and Japan as it rushes to expand compute capacity overseas.
cnbc.com
SK Hynix surges 12% after Micron earnings; blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 12% on Thursday after the company said it is seeking to raise as much as $29.4 billion.
bbc.co.uk
Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
The firm alleged that Alibaba used fraudulent accounts to access data from its Claude AI model.
cnbc.com
South Korea’s IPO bust clouds equity markets as Chaebol structure restrains listings
South Korea's IPO activity has lagged that of its regional peers as the structure of the market and governance reforms collide.
theguardian.com
What is China’s SpaceSail, and could it rival Elon Musk’s Starlink?
The company has just a few hundred satellites in low Earth orbit but has state backing and is already reportedly negotiating with dozens of countriesElon Musk’s Starlink has long dominated the satellite internet industry, but a Chinese government-backed project is aiming to challenge its position.SpaceSail has just a few hundred satellites in low Earth orbit compared with Starlink’s 10,000-plus. But the company says it now has enough satellites to begin its first commercial application, is scaling up at speed, and is reportedly negotiating with dozens of countries to provide satellite internet coverage. Continue reading...
cnbc.com
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
bbc.co.uk
The legal fight to get equal pay for Germany's disabled workers
A test case is seeking the minimum wage for 300,000 disabled people who currently get paid less.
theguardian.com
Big tech spent millions on a single US congressional race. It won’t be the last time
Pro- and anti-AI groups spent $24m on a congressional contest in New York, but it’s unclear to what endWhen the Democratic primary for New York’s 12th congressional district was called on Tuesday night, the result capped off one of the most expensive races of its kind in the state’s history. More than $24m poured into the Manhattan contest from tech-backed financial groups as the campaign turned into a battleground for pro- and anti-AI groups to test their influence.Much of the spending targeted candidate Alex Bores, a member of the state assembly who sponsored an AI safety bill and subsequently became a lightning rod for the tech industry. Pro-AI political action committees (Pacs) put more than $8m into the race to oppose Bores, according to Tech Influence Watch, while industry groups supporting regulation spent more than $16m to counter the attacks. Continue reading...
bbc.co.uk
Baroness Mone among individuals sued to recover PPE Medpro millions
The Baroness and her husband Doug Barrowman are among individuals being sued in a bid to recover some of the money owed to the government by the business.
theguardian.com
Another FTSE firm is under attack from a US raider. Demand top dollar | Nils Pratley
The warehouse landlord Segro has a bright future, not least with datacentres, so there’s no reason to roll overSegro rejects £12.6bn offer from US rivalHere we go (yet) again: another opportunistic takeover bid from the US for a UK company. The fun at easyJet isn’t even over yet, but the next target is Segro, the property firm known as Slough Estates until the branding merchants decided a slicker name was needed for a portfolio that these days extends well beyond Berkshire and deep into continental Europe.Warehouses and logistics centres stir few sentimental or patriotic feelings but Segro is the biggest commercial landlord on the London stock market. If it eventually falls to Prologis of the US, we will be asking – not for the first time – whether the UK knows how to value what’s under its own nose. Continue reading...
theguardian.com
A decade after the Brexit vote, Europe has moved on even if Britain hasn’t
In this week’s newsletter: As the EU consolidates, the UK faces renewed debate over the long‑term shape of its relationship with the continent• Don’t get This Is Europe delivered to your inbox? Sign up hereThe morning of 24 June 2016, the day after Britain voted to leave the EU, dawned grey and overcast in Brussels, after a stormy night. As the Guardian’s correspondent in the city, after a few hours’ sleep, I hurried to a breakfast briefing with Conservative MEPs at a smart hotel in the EU quarter. Large trays of eggs, sausages and beans were barely touched, as MEPs fielded questions they couldn’t answer: What happens now? When would the UK leave? Would David Cameron resign? A few hours later he did.In the EU institutions officials broke down in tears. A few top British EU civil servants prepared to resign. Anti-EU populists were jubilant. European leaders feared a domino effect of withdrawals. Sadness, shock and anger swirled on that humid day. The then-president of the European parliament, Martin Schulz, told me that EU lawyers were studying whether it was possible to speed up the triggering of article 50, the then-obscure and untested EU exit clause. Then European Commission president Jean-Claude Juncker declared he would like to get Brexit negotiations started “immediately”. The idea of hurrying Britain out the door was soon dropped, but those statements reflected the febrile mood. Continue reading...
theguardian.com
‘A real difference’: how community hubs help local people fight rising living costs
More locations are offering debt advice, health services, cafes, social activities and support under one roofShortly before lunchtime in a London community centre, older visitors are chatting over coffee and crosswords as young families drift in and out. Kitchen volunteers from the Real Junk Food Project are preparing lunch at a “pay as you feel” cafe, using food that would otherwise have ended up in the bin.Conversations inside the Victorian building at the East Twickenham Neighbourhood Association (ETNA) community centre range from financial advice to digital support, via childcare and legal services. There are counselling drop-ins and self-help groups, while down the corridor yoga is about to start. Over the course of the day, it all builds a picture of what community hubs offer local people. Continue reading...
theguardian.com
‘A total, utter nightmare’: small businesses on Brexit, 10 years on
Cheesemakers, farmers, exporters and wine merchants say red tape, lack of vision and rising costs mean they have stopped trading, sold up or retired earlyOut of pocket, out of business, retired early. These are the tales of the “sunlit uplands” experienced by small-to-medium-sized businesses across Britain after Brexit.Between 16,000 to 20,000 businesses stopped exporting to the EU altogether, but others who soldiered on complain Boris Johnson’s government catered for the “blue chips”, not the small, everyday companies when they designed the hard Brexit for Britain. Continue reading...
bbc.co.uk
Business Daily
Luis von Ahn co-founded the #1 language app after selling reCAPTCHA to Google
theguardian.com
HMRC announces 22% tax on cash interest held in stocks and shares Isas
Treasury also promises a new first-time buyer Isa with no upper age limit, as the ‘age at which a first home is bought is rising’Isa reforms announced on Tuesday promise a new first-time buyer account with no upper age limit, and a tax on interest on cash savings held in a stocks and shares wrapper.Savers and investors can currently deposit up to £20,000 a year in Isas, which offer the chance to earn returns which are not subject to tax. Continue reading...
bbc.co.uk
Do you know your 'sweat score'? The rise of hydration tech
Hydration tracking gadgets are flooding the market but is it too much information?
bbc.co.uk
Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
bbc.co.uk
Money Box
Civil service pensioners face further delays to payments.
bbc.co.uk
Do you want to know the secret to haggling with call centres?
Martin Lewis explains how your TV, phone, breakdown cover, insurance and more could be cheaper!
bbc.co.uk
The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
bbc.co.uk
'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
bbc.co.uk
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
bbc.co.uk
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
bbc.co.uk
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.co.uk
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.co.uk
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.co.uk
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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